Singapore Living Costs

TAXATION

Foreigners who have stayed or worked in Singapore for less than 183 days will be taxed at 15% on their employment income.

Foreigners who have stayed or worked in Singapore for more than 183 days will be treated as a tax resident for that particular Year of Assessment. Tax rates start from 0 % and the top rate is 20 % for salaries higher than SGD 320.000 per annum.

COST OF LIVING

Singapore is one of the most expensive cities in the world. According to statistics renting a flat, buying clothes, a car or alcohol are expensive. However bus and train fares, utility bills and eating local food in food centres are reasonably priced.

Rents per month can vary depending on where you live

Apartment (1 bedroom) in City Centre 3,294.83 S$
Apartment (1 bedroom) Outside of Centre 2,117.27 S$
Apartment (3 bedrooms) in City Centre 6,167.24 S$
Apartment (3 bedrooms) Outside of Centre 3,667.14 S$

EXCHANGE RATE FOR SINGAPORE DOLLAR

In general, 1 SGD = 0.50 GBP

You can check the daily exchange rate on this website .

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